LMA ELFA Best Practice Guide for Term Sheet Completeness

As part of a co-ordinated outreach exercise on behalf of their members, the LMA and the ELFA have sought to identify issues faced by the investor community with regard to term sheet sufficiency. The publication of this guidance paper is a result of that collaborative work, with invaluable input from respective LMA and ELFA working groups and specialist review providers (Covenant Review, Reorg and Xtract Research).


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The Kirschner Case: This is the End

The Supreme Court denied Kirschner's petition for certiorari, finally ending the case. As LSTA's Elliot Ganz explains, this cements that syndicated loans are not securities,…